|
|
Our portfolio of assets offer considerable low-risk development potential which help us replace
our annual decline and maintain our production volumes. Our capital program includes development
projects such as infill drilling, step-out drilling, joint venture arrangements, farm outs, waterflood
implementation and other activities. Our development projects are spread across our entire asset base
and include pre-investment spending to develop our Kirby oil sands project.
2008 Production and Capital Spending
| Nine months ended September 30, 2008 |
|
|
| Play Type |
Production Volumes (BOE/day) |
Capital Spending
($ millions) |
Wells Drilled* |
| |
|
|
Gross |
Net |
| Shallow Gas & CBM |
23,183 |
$ 101.3 |
471 |
394 |
| Crude Oil Waterfloods |
16,061 |
47.6 |
42 |
28 |
| Deep Tight Gas |
14,431 |
42.8 |
52 |
8 |
| Bakken/Tight Oil |
10,778 |
78.0 |
11 |
8 |
| Other Conventional Oil & Gas |
30,557 |
67.6 |
157 |
31 |
| Total Conventional |
95,010 |
$ 337.3 |
733 |
469 |
| Oil Sands |
|
|
|
|
| Kirby |
- |
29.5 |
- |
- |
| Other Oil Sands |
- |
10.78 |
- |
- |
| Total Oil Sands |
- |
40.2 |
- |
- |
| Total |
95,010 |
$ 377.5 |
733 |
469 |
* Drilling totals do not include delineation wells at Kirby or service wells drilled during the quarter
| Three months ended September 30, 2008 |
|
|
| Play Type |
Production Volumes (BOE/day) |
Capital Spending
($ millions) |
Wells Drilled* |
| |
|
|
Gross |
Net |
| Shallow Gas & CBM |
23,479 |
$ 55.0 |
254 |
235 |
| Crude Oil Waterfloods |
16,904 |
19.7 |
20 |
18 |
| Deep Tight Gas |
15,730 |
11.0 |
22 |
3 |
| Bakken/Tight Oil |
10,118 |
45.0 |
3 |
2 |
| Other Conventional Oil & Gas |
29,413 |
26.7 |
78 |
14 |
| Total Conventional |
95,644 |
$ 157.4 |
377 |
272 |
| Oil Sands |
|
|
|
|
| Kirby |
- |
5.0 |
- |
- |
| Other Oil Sands |
- |
0.8 |
- |
- |
| Total Oil Sands |
- |
5.82 |
- |
- |
| Total Company |
95,644 |
$ 163.2 |
377 |
272 |
* Drilling totals do not include delineation wells at Kirby or service wells drilled during the quarter |
